Stablecoins are tokens whose value is tied to another asset, usually the US dollar. We cover the largest issuers' reports and decisions and the rules being written for them.
The central bank put Ueno Bank into resolution on November 3. It says an advance on the deposit guarantee has reached 93.1% of covered depositors, and an analyst quoted by Cointelegraph sees no mass move into stablecoins.
The Financial Stability Board's peer review credits Turkish authorities with meaningful progress, including licensing for crypto firms, and makes four recommendations.
The project, known as Faro, aims to issue a dollar stablecoin in the first half of 2027, Decrypt and Cointelegraph reported. The figure comes from unnamed people and is not confirmed.
Binance says it covered the record theft from its own funds, and stablecoin freezes blunted it. The episode also showed how quickly access to funds can disappear.
Reserve income fell 8%, but a token presale for Circle's Arc network lifted revenue. It also disclosed a workforce reduction of about 5%.
The rule sets standards for reserves, redemption and risk management. It and the law take effect on January 18, 2027.
Tether and Circle acted within hours of the October 29 theft. Ripple said it was freezing RLUSD as well, without giving an amount.
Assets backing USDT exceeded liabilities by about $7.95 billion at the end of September, according to a BDO attestation. Treasury bills remain the core of the reserves.
